Oracle (NYSE:ORCL) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Oracle (NYSE:ORCLGet Free Report) released its earnings results on Monday. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04, MarketWatch Earnings reports. The firm had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. Oracle updated its Q2 guidance to $1.30-1.34 EPS.

Oracle Price Performance

Shares of ORCL stock opened at $109.61 on Wednesday. Oracle has a 1 year low of $60.78 and a 1 year high of $127.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 55.54. The firm’s 50 day moving average is $117.41 and its 200-day moving average is $105.85. The firm has a market capitalization of $297.51 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 3.48 and a beta of 1.00.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. Oracle’s dividend payout ratio is currently 52.29%.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Stifel Nicolaus increased their price objective on Oracle from $84.00 to $120.00 in a research report on Tuesday, June 13th. Evercore ISI raised their price target on shares of Oracle from $125.00 to $131.00 and gave the stock an “in-line” rating in a research report on Tuesday. KeyCorp upped their price objective on shares of Oracle from $105.00 to $120.00 in a research report on Friday, June 9th. Guggenheim boosted their price target on Oracle from $120.00 to $150.00 in a research note on Tuesday, June 13th. Finally, StockNews.com initiated coverage on Oracle in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $122.48.

Get Our Latest Stock Report on ORCL

Insider Activity at Oracle

In other news, insider Edward Screven sold 354,837 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, insider Edward Screven sold 354,837 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the transaction, the insider now directly owns 2,543,033 shares of the company’s stock, valued at $313,784,841.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The disclosure for this sale can be found here. Insiders sold a total of 4,175,443 shares of company stock valued at $510,658,596 over the last quarter. Corporate insiders own 43.70% of the company’s stock.

Institutional Trading of Oracle

Institutional investors and hedge funds have recently modified their holdings of the stock. IMA Wealth Inc. increased its stake in Oracle by 30.5% in the second quarter. IMA Wealth Inc. now owns 428 shares of the enterprise software provider’s stock valued at $51,000 after purchasing an additional 100 shares in the last quarter. Studio Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $42,000. Milestone Investment Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at $56,000. First Capital Advisors Group LLC. acquired a new stake in Oracle during the 2nd quarter worth $93,000. Finally, Neo Ivy Capital Management bought a new position in Oracle during the second quarter worth about $105,000. 42.44% of the stock is owned by institutional investors.

Oracle Company Profile

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Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Earnings History for Oracle (NYSE:ORCL)

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